Dar es Salaam — President John Magufuli appoints Professor Florens Luoga the new Bank of Tanzania (BoT) governor.The President revealed this during a ceremony to hand over certificates of appreciation to the members of the team that negotiated an agreement between the government and Barrick Gold Mining Corporation following a mineral export dispute.
Prof Luoga will take over from Professor Benno Ndulu, whose second five year term expires in January 2018.Prof Luoga also sat in the team that negotiated with Barrick and is also the chairman of the board of Tanzania Revenue Authority (TRA), a position he was named to in July this year by President Magufuli."I know Prof Ndulu's term will come to an end at the end of this year or in January... I am therefore appointing Prof Luoga to be the next BoT governor," said president Magufuli.The President asked the outgoing governor to quickly facilitate the take over of his successor.
Dar es Salaam ,Newly appointed Bank of Tanzania (BoT) governor Florens Luoga has said he was taken by surprise over President John Magufuli's announcement allocating him the post.
Prof Luoga made this revelation when briefing journalists shortly after the announcement at a State House function Monday, October 23.
He will succeed Prof Benno Ndulu whose tenure comes to an end in January, 2018.
"The appointment came as a complete surprise to me. I never expected this nor am I certain someone else did. All in all, I've accepted this responsibility with all my heart. I'm fully aware that it is a highly demanding task," said the BoT governor appointee.
"I will learn from the outgoing governor and other members of management and staff. I'm sure with their support and commitment, all will be fine," he added.
Prof Luoga, who until his appointment was University of Dar es Salaam's Vice Chancellor (Academic), asked cooperation from all stakeholders so that he would deliver and exceed expectations in his new responsibilities.
Announcing the appointment Dr Magufuli thanked Prof Ndulu for a job well done during all the years he held the governor's office.
"I appreciate Prof Ndulu's work very much. And, provided that his tenure will end next January, I've decided to pick the new governor from members of the negotiating teams. He is no other but Prof Florens Luoga," said Dr Magufuli.
"Critics will challenge that the post should be held by an economist by profession. Let them be assured that my appointee is an expert in taxation law. As to economists, we have such experts as Dr Yamungu Kayandambila, the deputy governor responsible for Economic and Financial Policies (EFP), and Dr Benard Kibesse who is in charge of Financial Stability and Deepening (FSB)," the Head of State added.
On July 11, President Magufuli appointed Prof Luoga chairman of the Tanzania Revenue Authority (TRA) board to replace Mr Benard Mchomvu who was sacked and his board of directors dissolved in November last year.
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